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Oct 5, 2012 4:00am PDT
of were the romney-type stocks, the defense stocks, some of the insurance stocks, were big market outperformers, where as some of the obama stocks, healthcare and so forth, were some of the comparative losers. so we definitely saw not only a market rally yesterday post the debate the day before, but we also saw it mostly in the mitt romney-type stocks. > > not to mention though we did have some decent economic data that also came into the market. but going back to the romney/obama matchup, the election is still a ways away. so could this be a buying opportunity for people who still think that healthcare reform will become a reality? > > absolutely. for those who are looking for a little pullback, and again, yesterday's move was not that great in the context of everything, but, we'll wait and see how big this will be if the romney stocks continue outperforming the obama stocks in the next week or so. so on any further dip, if you're a believer that the democrats will still hold the presidency, i think this may be the opportunity for people to jump into those names, and maybe if you
Oct 3, 2012 4:00am PDT
to see barack obama playing a lot more defense." that was bill allison of the sunlight foundation. at long last, a wall street firm is being sued for fraud in connection with the housing crash. the suit was filed monday by the new york attorney general. the lawsuit holds jp morgan chase responsible for action by wall street firm bear stearns, which it acquired in 2008. the sold bear stearns prior to the housing collapse from 2006-2007. the attorney general says investors lost $22.5 billion on mortgage-backed securties. "this the heart of what inflated housing prices are about if you look at it - the insatiable need of these banks to get more and more mortgages no matter what quality, so they could package them and sell them, make money, and go back for more loans." the ag says the toxic mortgages were sold to individual investors as well as pension funds. americans lost retirement money and value in their homes. a jp morgan spokesman responds: "we're disappointed that the nyag decided to pursue its civil action without ever offering us an opportunity to rebut the claims and witho
Search Results 0 to 1 of about 2